Common use of Additional Provisions Relating to Transfers Clause in Contracts

Additional Provisions Relating to Transfers. The ------------------------------------------- following provisions shall apply to each Transfer permitted under this Article II: (a) The Stockholder making a Transfer permitted hereunder shall be required to pay any and all filing and recording fees, fees of counsel and accountants and other costs and expenses reasonably incurred by the Company as a result of such Transfer. (b) No Transfer by a Stockholder permitted hereunder shall relieve the transferor Stockholder of any of its obligations or liabilities under this Agreement arising prior to consummation of such Transfer.

Appears in 2 contracts

Sources: Incorporation and Exchange Agreement (Brylane Inc), Stockholders Agreement (Brylane Capital Corp)